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The German DAX index witnessed a positive session, recording its highest level during the early trading of the current session around 15,680.
On the technical side, the index found an excellent support floor around 15,550, and the RSI continues to defend the positive moves and gets more bullish momentum, stable above the 50 mid-line.
There may be an opportunity for the index to visit 15,720, considering that the confirmation of its breach is a motivating factor that may facilitate the task required to visit 15,790 next stations as long as the price is stable above 15,550.
The breach below the support level 15,550 may lead the index to retest 15,450 before attempts to rise again.
Note: the level of risk is high.
Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.
| S1: 15555 | R1: 15720 |
| S2: 15450 | R2: |